sec.76EExempt managed investment schemes

### sec.76E Exempt managed investment schemes For section 75 (1) , a unit trust that is a managed investment scheme is taken to be an exempt managed investment scheme, during the deeming period for the trust, if the scheme has been approved under section 76F as a deregistered managed investment scheme. In this section— deeming period , for a unit trust, means the period— starting immediately before the first trust acquisition or trust surrender of a trust interest in the trust following its deregistration under the Corporations Act , section 601PA ; and ending immediately before the time that either of the following happens— the ASIC order mentioned in section 76F (3) (a) ceases to apply; a unit in the trust is issued or transferred to a person who is not a wholesale client. s 76E ins 2018 No. 27 s 11 (sec.76E-ssec.1) For section 75 (1) , a unit trust that is a managed investment scheme is taken to be an exempt managed investment scheme, during the deeming period for the trust, if the scheme has been approved under section 76F as a deregistered managed investment scheme. (sec.76E-ssec.2) In this section— deeming period , for a unit trust, means the period— starting immediately before the first trust acquisition or trust surrender of a trust interest in the trust following its deregistration under the Corporations Act , section 601PA ; and ending immediately before the time that either of the following happens— the ASIC order mentioned in section 76F (3) (a) ceases to apply; a unit in the trust is issued or transferred to a person who is not a wholesale client. - (a) starting immediately before the first trust acquisition or trust surrender of a trust interest in the trust following its deregistration under the Corporations Act , section 601PA ; and - (b) ending immediately before the time that either of the following happens— (i) the ASIC order mentioned in section 76F (3) (a) ceases to apply; (ii) a unit in the trust is issued or transferred to a person who is not a wholesale client. - (i) the ASIC order mentioned in section 76F (3) (a) ceases to apply; - (ii) a unit in the trust is issued or transferred to a person who is not a wholesale client. - (i) the ASIC order mentioned in section 76F (3) (a) ceases to apply; - (ii) a unit in the trust is issued or transferred to a person who is not a wholesale client.